AI

You have until Oct. 10th to comment on the SEC’s proposal targeting the use of artificial intelligence

You have until Oct. 10th to comment on the SEC's proposal directed at AI-related technology and conflicts involving IAs and B-Ds

Firms could 'neutralize' a tool’s bias in favor of the adviser by 'rendering the consideration of the firm-favorable information subordinate to investors’ interests, and thus ...

'It’s just a framework,' the consultant says of the AI result

The Commission’s action would create two new rules—one for B-Ds and a second for advisers—plus revise each regime’s respective books and records rules to mandate ...

"We live in an historic, transformational age with regard to predictive data analytics and the use of artificial intelligence"

"Requiring firms to subject certain types of technologies to a uniquely onerous review and conflict remediation process is not technology neutral"

"It is similarly important for the SEC to build in safeguards to protect investors from the potential for harm posed by firms using new technologies ...

"This proposal goes far beyond to encompass nearly everything. In this regard, consider that the proposed rules cover anything that is either analytical, technological, or ...

"The threshold question is whether our current rules are protective enough of retail investors, in light of technology-driven change in our capital markets. Judging from ...